The OBBBA law opens up spending, the GENIUS Act turns stablecoins into a debt instrument. Together they create a new financial architecture under Washington's control.
At first glance, the "Great and Wonderful Law" (OBBBA) and the GENIUS Act seem unrelated. One is a gigantic fiscal package of $3.3 trillion. The other is regulation for stablecoins. But together they form a systemic structure where each element reinforces the other.
Debt spending, with absorption through crypto
OBBBA raises the debt ceiling by $5 trillion and expands the deficit by $3.3 trillion over 10 years. Who will buy this volume of debt? The answer lies in the GENIUS Act.
According to it, all stablecoins must be backed by the dollar or short-term treasuries. Estimates suggest this creates demand for government bonds ranging from $1.2 to $1.6 trillion.
Crypto platforms are now effectively required to purchase debt #usa . Thus, one law spends, and the other stabilizes the debt market. The mechanism is subtle, but systemic.
Washington chooses control, not a ban on digital assets
Despite the fact that OBBBA in its final version abandoned strict limitations for AI and crypto, the GENIUS Act establishes a strict regulatory perimeter for stablecoins. Now they can only be issued by:
Banks with OCC licenses
Federal non-financial institutions
State-certified organizations
Foreigners — out. Unlicensed fintech — also out of the game. This is not a ban, but control through infrastructure: blockchain is allowed, but the cash flow is closed to the US.
A new type of fintech: convenient for the state, unclear for the market
The texts of both laws hint at the formation of a new class of "approved" fintechs. The GENIUS Act effectively gives the "green light" to companies like #Circle or #Ripple , allowing them to act as semi-banks — but already under federal control.
At the same time, OBBBA offers:
Tax incentives through "MAGA accounts"
Deductions on auto loans
Savings schemes for retirees
We will also add pilot integration of digital wallets with ID verification here. All together — a foundation for a digital economy with manual control.
Outside the US: China accelerates the release of yuan stablecoins
Beijing is closely monitoring the situation. Chinese entities are already working on yuan stablecoins for transactions in Asia, Africa, and the Middle East. Against the backdrop of the GENIUS Act, this looks like a symmetrical response — only with a different currency anchor.
Two parts of one economic plan
OBBBA increases the role of the state in the economy: through spending, tax amendments, and benefit reforms. The GENIUS Act builds a digital framework for absorbing these expenses, making stablecoins a tool for internal debt.
One law builds the house. The second connects the wiring. And both — lock the doors.
This is no longer just MAGA ideology. This is the architecture of a new model of the US economy, in which digital assets become part of a sovereign financial management system.
The risks are obvious: dependence on centralized regulation, blocking external competition, control over monetary circulation. But there is logic: instead of a total ban — the creation of a controlled digital counter.
